patrick.net

robertoaribas says

not worth the read... kid went to work in mom and dad's mortgage business. and that makes him a freaking economist?

In other words, you can't necessarily discredit what he is saying, so you discredit him? Where does he claim to be an economist? BTW, it doesn't take an "economist" to observe the obvious.

robertoaribas says

As this interesting time in housing continues, it becomes more and more clear how I sold before the bubble, and bought so much at the bottom, and have now made and will continue to make so much money: My compitetion, people like Yupsuck and tanyerbottom are so much less intelligent than me!

thanks for being you, it makes being me easier!

You can enjoy your success and make your points Roberto, but there's no need to be an asshole about it. Buying a bunch of cheap homes in Phoenix doesn't magically transform you into a raging intellectual. You might be, but not for that reason.

As far as the hysterical shrieking of Robertoaribas goes .. always consider this....

"Opinions founded on prejudice are always sustained with the greatest violence"

Oscar Wilde

Yup says

I believe that my 144 IQ would trounce you.

Roberto is in it too deep to have an open mind. If he had an open mind he wouldn't be able to sleep at night.

ELC says

Yup says

I believe that my 144 IQ would trounce you.

Roberto is in it too deep to have an open mind. If he had an open mind he wouldn't be able to sleep at night.

Oh come on. He's bought a bunch of cheap houses in Phoenix and is renting them out for far more than his PITI. He's quids in. It would hardly make any difference to him if prices collapsed in Phoenix (and considering they are still relatively cheap even with recent rises, it doesn't exactly look likely). If you really think he should be having sleepness nights given his situation, then you are living in la-la land.

Bigsby says

robertoaribas says

As this interesting time in housing continues, it becomes more and more clear how I sold before the bubble, and bought so much at the bottom, and have now made and will continue to make so much money: My compitetion, people like Yupsuck and tanyerbottom are so much less intelligent than me!

thanks for being you, it makes being me easier!

You can enjoy your success and make your points Roberto, but there's no need to be an asshole about it. Buying a bunch of cheap homes in Phoenix doesn't magically transform you into a raging intellectual. You might be, but not for that reason.

Wow...resorting to a bunch of unwarranted childish name-calling, being an arrogrant prick (may as well return the name-calling) and taking pleasure in the supposed misfortune of people you don't even know or ever will know? All in the same post?Roberto clearly has issues. Not to mention no class whatsoever. I'd hate to be one of his tenants.

Just remember - karma. And the fact that Roberto can purchase all of Maricopa County and beyond, but he ultimately "can't take it with him". You don't see Warren Buffett going around boasting about his fortunes, although he certainly could - it's called humility and class.

Roberto: This post wasn't about nor intended to be all about your vast real estate holdings in greater Phoenix. I certainly wasn't inquiring about them and really could not care less. You have already established your legendary status in your own mind, been the star of far too many of your own posts and have hijacked too many others, including this one.

robertoaribas says

Low inventory relative to demand leads to price increases, PERIOD. It doesn't matter why the inventory is low, the result is the same.

You continue to repeat this over and over again without any explanation of what you believe the upper bounds of that price increase are.

Of course the answer is that prices will rise until its profitable to built again.

In otherwords, there is an upper cap on where prices will rise to(or at least the speed at which prices rise).

However the way you state it....theres another phrase for that....

"Buy now or be priced out forever".

Which is quite hillarious since you were arguing against that exact same thing five years ago.

*in the confines of the Phoenix metro area.

Right on Roberto! It doesn't matter if the RE market is fake or manipulated. Like the stock market isn't? Like gov grants and college grants and section 8 and food stamps and free medical are not? the entire economy is fake, has been fake and probably will be for a very long time.
it matters where it is and what it is. U did great and have been ahead of the curve for years. Make your money and let the others debate the reasons.Keep laughing all the way to the bank.

the bears bet on the RE market and lost. The bulls have won. always ainner and loser in any economic investment.

mike2 says

Right on Roberto! It doesn't matter if the RE market is fake or manipulated. Like the stock market isn't? Like gov grants and college grants and section 8 and food stamps and free medical are not? the entire economy is fake, has been fake and probably will be for a very long time.
it matters where it is and what it is. U did great and have been ahead of the curve for years. Make your money and let the others debate the reasons.Keep laughing all the way to the bank.

the bears bet on the RE market and lost. The bulls have won. always ainner and loser in any economic investment.

Yeah great job Roberto! The problem is I don't frankly give a damn about Roberto or what the market is doing in Phoenix and I suspect the majority here don't really care either - yet here he is tooting his horn day after day. Look at me! Look at me! Aren't I awesome?! Aren't I special?! Give it a rest already.

robertoaribas says

tannenbaum says

The problem is I don't frankly give a damn about Roberto or what the market is doing in Phoenix and I suspect the majority here don't really care either - yet here he is tooting his horn day after day. Look at me! Look at me! Aren't I awesome?! Aren't I special?! Give it a rest already.

and yet here you are, reading my posts, quoting them... getting your little girl panties all bunched up about them... but you don't care!

Your posts have hijacked this thread that *I* started. I have no choice but to suffer through your insufferable insights. I purposely avoid your threads, but apparently, like a moth to a flame, you can't get enough of this one that I started.

I have an idea- why not ask Patrick change this entire website to the "isn't it great to be Roberto" website since that is what it has sadly devolved into being...